Plan Ledger DOL Form 5500 · updated monthly

Lindamood-Bell Learning Processes401(k)

LINDAMOOD-BELL LEARNING PROCESSES 401(K) PROFIT SHARING PLAN · SAN LUIS OBISPO, CA · plan year 2024

Reported admin expense ratio · 2024
0.28%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Lindamood-Bell Learning Processes reported $46,373 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $314 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.35% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 3,951st-largest of 9,483 plans among California employers on file, and 1,683rd of 3,091 in educational services. In 2024, employees put in $7.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,728,789
Participants with balances396
Active participants542
Employer contributions$170,340
Employee contributions$1,253,166
Employer contribution per active participant$314
Average account balance$44,770
Benefits paid to participants$766,558
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.7M · 396 accts · $170K emplr
2023$15.0M · 406 accts · $101K emplr
2022$12.7M · 414 accts · $166K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,849
Trustee / custodial$6,524
Total administrative$46,373
The Lindamood-Bell Learning Processes 401(k) match · 2024
Employer contribution per active participant$314
Median for plans this size$2,416
2024$314 per active participant
2023$166 per active participant
2022$283 per active participant

Lindamood-Bell Learning Processes's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$39,849
NEWPORT TRUST COMPANY · Trustee · Trustee (directed)$6,524

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$46,373 · 0.28%
2023$43,655 · 0.32%
2022$47,613 · 0.35%
Same employer
Similar plansEducational Services · California
Prospect Sierra School CA$18.0M · 0.10%
Redwood Day School CA$17.7M · 0.14%
Aops Incorporated CA$17.6M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770140920 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.